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Dec 29, 2012
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if the president gets all the tax increases he wants it funds the government next year for next a week. this is not a revenue problem it's a spending problem which is what republicans have maintained all along. >> not to psycho analyze the president he is so obsessed with the 2% he is disengaged with the bigger problem heading toward greece not thinking about spending. almost on class warfare disability. taken him kind of out of the argument and now he is coming back don't you think that is the problem. he is like ahab and the well and the well is the -- whale is the wealthy? >> raising taxes in punitive way on affluent people. having said that again, the people who are -- who would be hit with these tax increases are the people who create the jobs. and that impacts a lot of middle class americans. have you got a middle class americans employed by small businesses that would see their tax bills go up. that's going to be bad for the economy and bad for jobs. but, again, i think that the philosophically the president a lot of his allies up here in the congress have a very different view
if the president gets all the tax increases he wants it funds the government next year for next a week. this is not a revenue problem it's a spending problem which is what republicans have maintained all along. >> not to psycho analyze the president he is so obsessed with the 2% he is disengaged with the bigger problem heading toward greece not thinking about spending. almost on class warfare disability. taken him kind of out of the argument and now he is coming back don't you think that...
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Dec 27, 2012
12/12
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, overspending government. it is about ready to hit its debt ceiling the president might have won this election but he didn't win the authority to write a blank check to continue to spend and spend and spend, to hit the debt ceiling and then go blowing through it. there may not be much conversation in washington between speaker boehner and president obama but the democrats control two third of this government. they might think about having a conversation among themselves, the senate and the president, to bring something that might have a chance of resolving these problems and maybe, they better think more about cutting spending before coming to us for more money. gregg: you know what, doug? karl rove wrote an op-ed in "the wall street journal" which he basically says, the president think it is all about him. the more mr. obama makes everything about him, the more stubborn he is likely to be when flexibility would be better. success requires adjustments, including a greater willingness to compromise and seek com
, overspending government. it is about ready to hit its debt ceiling the president might have won this election but he didn't win the authority to write a blank check to continue to spend and spend and spend, to hit the debt ceiling and then go blowing through it. there may not be much conversation in washington between speaker boehner and president obama but the democrats control two third of this government. they might think about having a conversation among themselves, the senate and the...
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Dec 23, 2012
12/12
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that gives more revenue to the federal government and the president can decide who he will propose tax cuts for. i think the democrats feel it could go over the cliff. everyone's taxes will be gone up. >> automatically. >> what would happen to spending if you went over the cliff? >> you would have automatic spending cuts come in which in some cases mate be good, but could december mate defense. and that's the real concern i have is that these cuts are almost arbitrarily 50-50 and the defense is not 50% of the budget, and they will drastically cut weapon systems and the deployment of our troops. >> i can understand that you would be concerned about that. in terms of this christmas break now that you are home and the president is in hawaii, but the president suggested it is a cooling off period for everyone. are you optimistic that next week things could change all of a sudden and a deal could happen? >> i am optimistic if we can get one done in the hour. people are far apart. many republicans feel they were elected under a pledge not to raise taxes no matter what. democrats were elected
that gives more revenue to the federal government and the president can decide who he will propose tax cuts for. i think the democrats feel it could go over the cliff. everyone's taxes will be gone up. >> automatically. >> what would happen to spending if you went over the cliff? >> you would have automatic spending cuts come in which in some cases mate be good, but could december mate defense. and that's the real concern i have is that these cuts are almost arbitrarily 50-50...
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Dec 28, 2012
12/12
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however, some complain that is a foreign concept to our government. correspondent william la jeunesse explains the push for national yard sale. >> amtrak to vacant buildings like these in california many wonder if the federal government should sell what it doesn't need. >> so instead of raising taxes that takes money out of the economy and loafers activity, we should look to sell federal assets. >> empty v.a. hospital in los angeles for $5 billion or part of the water front former military base in san francisco. both cases, politicians said no. they want to make sure they are taken care of. sometimes it gets in way of what is best for the nation. >> federal government is america biggest landlord. selling 20% of the empty or underperforming buildings would save $2 billion. you go through and clear it out. it's a matter of scale. defense refused to sell valuable public land adjacent to fast-growing city. without charging royalties like we do for oil and natural gas. selling amtrak could net $60 billion. the tennessee authority and the power would bring
however, some complain that is a foreign concept to our government. correspondent william la jeunesse explains the push for national yard sale. >> amtrak to vacant buildings like these in california many wonder if the federal government should sell what it doesn't need. >> so instead of raising taxes that takes money out of the economy and loafers activity, we should look to sell federal assets. >> empty v.a. hospital in los angeles for $5 billion or part of the water front...
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Dec 27, 2012
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anti-government rebel fighters attacking a government base, and we are learning the international envoy seeking a solution to in this 21-month-old conflict is saying political change is needed immediately to end the violence which has already killed an estimated 44,000 people. leland vittert live for us from our mideast bureau with the latest on this. leland? >> reporter: harris, the peace envoy is trying to bring back a plan that was dead on arrival back in june. it doesn't look like there's any budging from either side. president assad still says that he is going to stay on and continue to fight there inside syria. the rebels say they will accept nothing short than the regime falling, all this amid the rebels continuing to make more and more advances, continuing to close the noose, if you will, on the battlefield especially around president assad's stronghold there in the capital of damascus. russia, though, is continuing to protect syrian president bashar al assad. obviously, that is the transitional plan that something along the lines of what the rebels would endorse would have assa
anti-government rebel fighters attacking a government base, and we are learning the international envoy seeking a solution to in this 21-month-old conflict is saying political change is needed immediately to end the violence which has already killed an estimated 44,000 people. leland vittert live for us from our mideast bureau with the latest on this. leland? >> reporter: harris, the peace envoy is trying to bring back a plan that was dead on arrival back in june. it doesn't look like...
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Dec 27, 2012
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government is estimated to hit $16.4 trilli $16.4 trillion borrowing limit. in a letter to congress timothy geithner says he will take several accounting measures to start the new year that. will keep the gvtmeovernment from reaching the limit until a fiscal deal is reached and the economy can save off the debt. >> let's talk about toyota? >> owners of 60 million lexus and cars from 1998 to 2010 may be getting some cash. toyota has agreed to pay more than a billion dollars to settle a class action lawsuit. toyota will create a fund for retrofitting more than 3 million cars of technology that makes it easier for them to stop. in late 2009, all of 20010 due to lower resail value of the car. toyota has not admitteded any guilt on this topic. >> they get a big chunk of change and the car owners a little bit. >> for many passengers air travel is about finding the cheeps air fair. as airlines offer more and more add-ons from early boarding to premium seating to baggage fees that ability to comparison shop is pretty much impossible. the on-line ticketers like expedi
government is estimated to hit $16.4 trilli $16.4 trillion borrowing limit. in a letter to congress timothy geithner says he will take several accounting measures to start the new year that. will keep the gvtmeovernment from reaching the limit until a fiscal deal is reached and the economy can save off the debt. >> let's talk about toyota? >> owners of 60 million lexus and cars from 1998 to 2010 may be getting some cash. toyota has agreed to pay more than a billion dollars to settle...
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Dec 29, 2012
12/12
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our government is spending way too much money. we need to cut back on spending, cut -- >> arthel: where? >> look at the entitlement programs, for example. there's a lot of waste, fraud, and abuse going on there. that is not even on the table. and so listen, we can cut our expenses in our country that is spleeningful and very important for us to do because right now, they're just kicking the can down the road and it's not going to help our economy. >> arthel: waste, fraud and abuse, where? because when regular folks at home hear cut my entitlement, you're looking at the older people when are looking at their medicare or medicaid benefits being affected. >> there is a significant amount of waste, fraud and abuse going on in medicaid and medicare. so that is something i think a needs to be addressed. that's something that has not been looked at. i think that is part of our problem. >> arthel: michael, you get the last word. >> i don't think you need to hold up the tax issue on the spending. the congress has the power of the purse str
our government is spending way too much money. we need to cut back on spending, cut -- >> arthel: where? >> look at the entitlement programs, for example. there's a lot of waste, fraud, and abuse going on there. that is not even on the table. and so listen, we can cut our expenses in our country that is spleeningful and very important for us to do because right now, they're just kicking the can down the road and it's not going to help our economy. >> arthel: waste, fraud and...
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Dec 28, 2012
12/12
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we want something done through the government. and if nothing gets done you will see the market come down, or i should say if something small gets done that is not what we need. in a few months we revisit this once again. you also have the debt limit ceiling we're looking at the end of the year as well there is so much going on. if we kick this down the road we'll lose complete confidence in the government. they will sit on money, they will not spend and recession is inevitable. >> s&p has been up. all other markets have pretty much been up on the year. do you think people who are checking their 401(k)s and what not, the pension plans, they don't really appreciate perhaps the gravity of what is about to hit them? >> no, they don't. most people surprisingly when you ask them how well they have done with their 401(k), they think they have done terrible but when they open their statements at end of the year they will be pleasantly surprised. one of the thing people have they have been scared and on the sideline. people making money a
we want something done through the government. and if nothing gets done you will see the market come down, or i should say if something small gets done that is not what we need. in a few months we revisit this once again. you also have the debt limit ceiling we're looking at the end of the year as well there is so much going on. if we kick this down the road we'll lose complete confidence in the government. they will sit on money, they will not spend and recession is inevitable. >>...
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Dec 24, 2012
12/12
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with their votes the american people have determined governing is a shared responsibility between both parties. in this congress laws can only pass with support from democrats and republicans and that means nobody gets 100% of what they want. everybody's got to give a little bit. gregg: we have a republican strategist and former aide to president george w. bush. mark hannah, a democratic strategist and a former obama campaign aide. good to see you both. mark, most in washington seem to agree we should not fall off the fiscal cliff but they can't agree how to avoid it. if the president can't get that passed, is there any hope for the rest of his agenda or is it just going to be four more years of bickering and sniping and gridlock and recriminations? >> i don't think you hear any i can aboutering and sniping on the president's part, but, no, to answer your question i think there is a lot of hope. season of hope after all. i want to wish you, gregg, a merry christmas and didi and heather. there is lot of hope for the american people. it is fact of the matter we are entrenched in this sor
with their votes the american people have determined governing is a shared responsibility between both parties. in this congress laws can only pass with support from democrats and republicans and that means nobody gets 100% of what they want. everybody's got to give a little bit. gregg: we have a republican strategist and former aide to president george w. bush. mark hannah, a democratic strategist and a former obama campaign aide. good to see you both. mark, most in washington seem to agree we...
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Dec 24, 2012
12/12
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they represent 40% of the government workers. here we've got a private union strike that could happen starting this coming sunday t could be crippling. which means they will sell it fast. heather: neither said no to renewing talks. the national trade associations, they have even appealed to president obama use the taft-hartley injunction to hold off this strike for 80 days. >> reporter: right. to force them to get back to the table and negotiate. you have to wonder how this will turn out. i wish them luck on both sides. heather: thank you so much, dennis. >> reporter: thank you, heather the. gregg: snow, rain, freezing drizzle making it a pretty tough ride to grandma's house today. we're live at the world's busiest airport with the very latest straight ahead. heather: no peace in the middle east as fighting gets worse at a country already coming apart at the seams. report how the situation in syria is heading downhill fast. [sirens] ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate i
they represent 40% of the government workers. here we've got a private union strike that could happen starting this coming sunday t could be crippling. which means they will sell it fast. heather: neither said no to renewing talks. the national trade associations, they have even appealed to president obama use the taft-hartley injunction to hold off this strike for 80 days. >> reporter: right. to force them to get back to the table and negotiate. you have to wonder how this will turn out....
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Dec 27, 2012
12/12
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the government there facing $9 billion in debt repayments next year. so, people who dress up as santa claus can reportedly make up to 440 bucks an hour performing in the capitol the state tax service has reminded those holiday entertainers to file forms and pay their taxes. cannot tax checks on small businesses urging ukrainian citizens to report any tax dodging santas. would you want to be the one to turn in santa? it may have been the year of the dragon in china. 2012 was filled with all source of critters and their wild moments caught on camera. next, a look back at a big year in animals. including one of the world's smallest, smallest, tiniest little puppies. tiniy, tiny. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it
the government there facing $9 billion in debt repayments next year. so, people who dress up as santa claus can reportedly make up to 440 bucks an hour performing in the capitol the state tax service has reminded those holiday entertainers to file forms and pay their taxes. cannot tax checks on small businesses urging ukrainian citizens to report any tax dodging santas. would you want to be the one to turn in santa? it may have been the year of the dragon in china. 2012 was filled with all...
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Dec 28, 2012
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you clear it out and the government is no different. the scale, just a matter of scale. >> reporter: the feds also refuse to sell valuable public landed a adjacent to fast-growing cities and let mining companies take billions in gold and silver for free, without charging royalties like we do for oil and natural gas. selling amtrak could net 60 billion. two taxpayer-owned utility, the tennessee valley authority, and bonneville power, would bring in even more. a commission could oversee the sale to overcome partisan opposition. >> the commission could look at all of the federal assets, decides which were the most valuable which could be sold to the least loss to common good. >> reporter: now the federal government already owns about 28% of all the land in the u.s. about 500 billion in mineral rights we give away. we have trillions in oil reserves, jon, we refuse to pump. yes, a yard sale could help bring down the national debt. but reuse, recycle, resell, are not words you hear on capitol hill. jon: that doesn't seem to happen very often.
you clear it out and the government is no different. the scale, just a matter of scale. >> reporter: the feds also refuse to sell valuable public landed a adjacent to fast-growing cities and let mining companies take billions in gold and silver for free, without charging royalties like we do for oil and natural gas. selling amtrak could net 60 billion. two taxpayer-owned utility, the tennessee valley authority, and bonneville power, would bring in even more. a commission could oversee the...
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Dec 26, 2012
12/12
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and they're not going to, basically, get employment and income with government assistance and subsidies alone. you have to grow the economy, and nothing this president's done in four years has meaningfully done that. let's go back to the point that says the republicans are intractable. they agreed to $1.2 trillion in new revenue. john boehner from the very beginning put 800 billion in revenue on the table. the president was known to say, well, that's mine. i get that one for free. i don't have to give anything in return. the president in addressing a deficit added $1.6 trillion in new spending. gregg: yeah. >> so who are we joking right now? the president has never taken the spending side of this equation seriously, which is why we don't have a deal. republicans have put their necks on the line supporting new revenues, the president's not coming through. gregg: senator barrasso said the president does want to go over the cliff, because he wants to punish republicans. is there something to that? >> i don't think there's anything to that, but the reality is that if he wants to get anythin
and they're not going to, basically, get employment and income with government assistance and subsidies alone. you have to grow the economy, and nothing this president's done in four years has meaningfully done that. let's go back to the point that says the republicans are intractable. they agreed to $1.2 trillion in new revenue. john boehner from the very beginning put 800 billion in revenue on the table. the president was known to say, well, that's mine. i get that one for free. i don't have...
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Dec 25, 2012
12/12
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in 2012 the american people may have voted for status quo in governing but don't expect it in governance of the if the president believes he has the upper hand and people will blame the republicans if we two over the fiscal cliff i happen to believe they will blame everybody and the president is not going to escape liability for not leading us through this crisis, because after all, this is a manufactured crisis, created by the very people who are charged now it solve it to refuse to solve it. so they're just kicking the can down the road. let's not forget in 2013, we have another crisis looming and that is the debt ceiling. kelly: exactly right. let's remind people what this fiscal cliff is really all about. we're talking about automatic tax cuts that will go into place as well as drastic, draconian cuts in entitlement programs, medicare, and even the military. the military can suffer very greatly if this goes through the sequestration. if you look at all this, you realize something has got to be done, because $2,000 per average taxpayer will be added to them over the course of this yea
in 2012 the american people may have voted for status quo in governing but don't expect it in governance of the if the president believes he has the upper hand and people will blame the republicans if we two over the fiscal cliff i happen to believe they will blame everybody and the president is not going to escape liability for not leading us through this crisis, because after all, this is a manufactured crisis, created by the very people who are charged now it solve it to refuse to solve it....
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Dec 27, 2012
12/12
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and to expand the government's footprint in the u.s. housing market, it's just not something that i really think we want to do, you know. the government is already involved in nine out of ten mortgages in this country. >> juliet: all right. kendra todd -- what's the last name now? matera? >> yes. >> juliet: thank you. you've seen it in the movies, but this one is very real. a shark tank suddenly bursts with dozens of people around it. i was just down at the atlantis hotel. oh, man, and there were sharks in there. oh, that's scary. this kicker put his football talents on youtube and it worked. now he's got an nfl tryout. you have to hear this story. this is one of those cool youtube success stories. we'll tell you about it i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, evertime. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpn pie. and apple. 3% back on 4 trips to the airport. it's as e
and to expand the government's footprint in the u.s. housing market, it's just not something that i really think we want to do, you know. the government is already involved in nine out of ten mortgages in this country. >> juliet: all right. kendra todd -- what's the last name now? matera? >> yes. >> juliet: thank you. you've seen it in the movies, but this one is very real. a shark tank suddenly bursts with dozens of people around it. i was just down at the atlantis hotel. oh,...